CorFire to provide mobile wallet services to Vodafone Group

CorFire has announced that it is to provide mobile wallet capabilities to Vodafone Group, enabling Vodafone’s customers to use their smartphones to conduct transactions which will include paying for goods and services at the point of sale in 2013 (view press release).

CorFire- the mobile commerce business of SK C&C USA-provides digital mobile wallet solutions, and Vodafone will be utilising its CorPay service which works in NFC and non-NFC environments.

“Vodafone’s customer base spans across more than 30 countries, which means our partnership, may become one of the biggest, global implementations of NFC and mobile commerce. We applaud Vodafone’s efforts to make mobile commerce a reality in markets which are increasingly relying on smartphones to conduct regular daily activities. As a result of this collaboration, we will bring tangible benefits to consumers and pave the way for financial institutions, transit authorities, merchants, and enterprises to leverage the mobile channel to expand their customer reach,” said Dr Jae Chung, CorFire’s president and CEO.

Christian Wirtz, Vodafone Group’s mCommerce Director said: “We are committed to partnering with the best suppliers to offer customers the speed, simplicity and convenience of managing everyday transactions with a single wave or tap of their smartphones. The consumer benefits of contactless payments are obvious and the industry in Europe is now at the beginning of rolling out a contactless infrastructure. The potential of mobile to transform existing industries – such as financial services, retail and transport- is enormous.”

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